protectionism

Obama Abandons 'Buy American' Stimulus Provision

President Barack Obama has changed his mind as to whether the massive stimulus bill that is expected to be approved by Congress today should include one or more strict, "Buy American" provisions in it. Back before the economy crumbled before our very eyes, Obama espoused the ideals of the Buy American philosophy, even using the phrase in promotional materials. Now, however, Obama has backed away from mandating such policies. To the dismay of big labor, as the stimulus bill currently stands, previously included made-in-America restrictions have been dropped. Politico explains:The current Buy ...

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